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Greece: UK told no immediate threat to bank funding
The government will want to give clear advice to tourists heading for Greece (in a few weeks’ time that includes quite a few MPs, I understand, who have holidays booked there).
The Greek state secretary for industry in the run-up to its debt crisis, who supervised a 5.5bn euro recession loan plan, has an MBA from a bogus university, Channel 4 News reveals.
The government will want to give clear advice to tourists heading for Greece (in a few weeks’ time that includes quite a few MPs, I understand, who have holidays booked there).
The IMF’s report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece’s debt has become unsustainable.
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.
Greece may only represent a fraction of Europe’s economy. But in everything else that can’t be easily measured by the IMF or ECB, it represents to much more.
As the midnight deadline for Greece to repay ¬1.6bn fast approaches, last-minute efforts are underway to avert a chain of events that could lead to Grexit.
With European stock markets falling and banks closed in Greece, the president of the European Commission warns that “egotism” and “tactics” have hampered efforts to resolve the Greek crisis.
With hundreds of migrants being rescued daily from overloaded boats in the Mediterranean, the EU is struggling to agree on an adequate response to the new arrivals.
The IMF like their emergency economic plans from debtor countries pretty heavy on the spending cuts, light on the tax rises. The Tsipras plan was the very opposite.
While the proposal has caused outrage among the Greek conservatives and outrage among Syriza’s left-wing voters, the real problem is bigger.
Paraic O’Brien has been on patrol with the police in Calais as they remove people from lorries headed for the UK.
If David Cameron demands a lot of time from leaders at this week’s EU summit, he risks looking like someone knocking on the door asking for milk when the neighbours’ house is on fire.
The level of pressure that’s being exerted on Syriza right now, I don’t think is enough to derail a deal from below.
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.